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AMAK

02 July, 2024 15:43

Almasane Alkobra Mining Company (AMAK) announces the issuance of an Exploration license for Manganese from the Ministry of Industry and Mineral Resources

Element ListExplanation
Announcement Detail Almasane Alkobra Mining Company (AMAK) announces the issuance of an exploration license for Manganese from the Ministry of Industry and Mineral Resources. License location:Al-Baha Province. License No:144545. License Issuance date: 26-12-1445 AH Corresponding to 01-07-2024 AD. License Expiry date: 18-02-1451 AH Corresponding to 30-06-2029 AD. Total Area: 20.7 km2. This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 19/10/1441 AH and its executive regulations. The company will carry out the necessary exploration studies during the statutory period to ensure the availability of the required raw materials. The financial impact value and timing of this license will become clear after the completion of exploration work and studies within the legal period, and the company will announce any major developments regarding this license

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